Manila—(PHStocks)—Local shares rallied on Monday, 13 February, on news that the Greek parliament has approved the austerity package needed for its second bailout fund. The bellwether Philippine Stock Exchange index (PSEi) went up to 4,802.03 points – the third consecutive week that it has breached the 4,800-point mark.

The Mining and Oil sector went up 2.47%, followed by the Financials index, which rose by 1.34%. Trading volume reached 7.54 billion, valued at PhP7.77 billion. There were 85 gainers against 87 losers, while 38 stocks remained flat.